Special Purpose Vehicle. Unless a Major Investor, Xxxxxxxxx agrees to abide by all the terms and conditions of the Special Purpose Vehicle as administered by the Lead Investor and understands acceptance of this condition may limit the purchaser’s rights as explained in the Special Purpose Vehicle contract available at: xxxxx://xxxx00x0xxxxx.xxxxxxxxxx.xxx/uploads/remote_files/246818- FPwne3dW1THluxDpTzgrai8c/SPV_Subscription_Agreement FINAL_.pdf. Purchaser has read and understands Purchaser’s rights shall be governed by the terms and conditions of the Special Purpose Vehicle.
Special Purpose Vehicle. (a) Each Obligor must not engage in any business, transaction or dealing other than as permitted under the Finance Documents, in relation to the Project and any business activities which are ancillary to such business.
Special Purpose Vehicle. (i) Engage in any business or transactions, directly or indirectly, other than:
Special Purpose Vehicle. The Borrower has not traded (on or after the New Ownership Date) or incurred any liabilities (on or after the New Ownership Date) other than in connection with its participation in the transactions contemplated in the Operative Documents.
Special Purpose Vehicle. The Company is a special purpose investment vehicle through which the Members indirectly hold interests in Holdings. In furtherance of the foregoing the Company shall not (i) acquire or hold any assets other than interests in Holdings and distributions from Holdings, along with any interest or earnings with respect to such amounts or (ii) without the consent of the Holdings Board of Directors, which consent shall not be unreasonably withheld, conditioned or delayed, voluntarily incur any liabilities other than reasonable expenses related to (a) holding interests in Holdings or the administration of the Company, (b) the amendment of this Agreement in accordance with the terms and conditions set forth in this Agreement or the performance of this Agreement, including taking any action approved in accordance with Section 3.1.2.8, or (c) complying with applicable laws (excluding, in the case of (a), (b) and (c), any payment to any officer, Director or manager of the Company or Holdings other than in a capacity as a Member or holder of Units or as expressly contemplated by this Agreement).
Special Purpose Vehicle. The Borrower and the Parent is each in compliance with Section 6.12 and the restrictions on its activities set forth in the Borrower LLC Agreement and the Parent LLC Agreement, respectively. 121
Special Purpose Vehicle. Since its formation, no actions have been taken and no business has been conducted by the Company except for ministerial activities and the execution and performance by the Company of this Agreement and the other Transaction Documents. The Company has no Indebtedness and there are no Liens on the Company or any of its assets, other than Permitted Liens.
Special Purpose Vehicle. Consortium partners shall form an appropriate Special Purpose Vehicle under the Indian Companies Act 1956/Companies Act, 2013 (the "SPV"), to get recognised as an AB/AA. However they shall directly hold 100% of the equity of the SPV throughout the tenure of recognition.
Special Purpose Vehicle. (i) Base Fee and the Authorised Investment Management Fee If relevant, the Manager may, at its discretion, procure the entry into by the Manager and the Trustee of a written agreement with the Special Purpose Vehicles owned or to be owned by the Trust to provide, inter alia, for the payment of any part or component of the Base Fee or the Authorised Investment Management Fee to the Manager or to any person which the Manager may designate or nominate (including but not limited to the Manager’s subsidiaries) by each relevant Special Purpose Vehicle. The Manager shall, pursuant to such agreement, at the end of each calendar month (or such other period as may be agreed between the Manager and the Trustee) of each Financial Year compute such Base Fee or such Authorised Investment Management Fee for that month based on management accounts of the relevant Special Purpose Vehicle and submit an invoice with such computation of such Base Fee or such Authorised Investment Management Fee to the Trustee or to such Special Purpose Vehicle (with a copy to the Trustee), within 14 days of the last day of that period for payment within 14 days of receipt of the invoice. All such payments of such Base Fee or such Authorised Investment Management Fee by the Special Purpose Vehicles made to the Manager or to any person which the Manager may designate or nominate (including but not limited to the Manager’s subsidiaries) shall be reconciled with the audited accounts for the relevant Financial Year relating to the relevant Special Purpose Vehicle within 14 days of the completion of the audited accounts (or such other period as may be agreed between the Manager and the Trustee) and any balance of such Base Fee or such Authorised Investment Management Fee due and payable to the Manager or to any person which the Manager may designate or nominate (including but not limited to the Manager’s subsidiaries) or any refund due from the Manager or to any person which the Manager may designate or nominate (including but not limited to the Manager’s subsidiaries), respectively, shall be paid by the relevant Special Purpose Vehicle or (if the Real Estate is owned by the Trust) the Trust or (as the case may be) the Manager within 14 days after completion of the said audited accounts for that Financial Year (or such other period as may be agreed between the Manager and the Trustee).
Special Purpose Vehicle. 2.1. Please indicate which factors prevent the company from being able to place a submission for the Project individually. …………………………………………………………………………………………………………………………………… …………………………………………………………………………………………………………………………………… ……………………………………………………………………………………………………………………………………
